Turkish fashion brand Koton enters Hungary with 8 new stores
As part of its global growth strategy, Turkish fashion brand Koton is set to open eight new stores in Hungary. Operation is expected to start this year.
As Portfolio reports, these stores will be located in properties managed by Adventum, with operations expected to commence in 2024. The signing ceremony took place in Istanbul, attended by Koton CEO A. Bülent Sabuncu and Adventum Group Founding Partner Kristóf Bárány, according to the company announcement.
Fashion brand Koton comes to Hungary
Koton’s medium-term plans include opening 130-150 new stores worldwide, focusing primarily on international markets. The first of these stores will launch in the last quarter of 2024, all situated in shopping malls.
Three of these stores will be in Budapest, with others located in Sopron, Debrecen, Szeged, and Székesfehérvár.
The total retail space will exceed 6000 square meters, with the largest store being in Köki Shopping Center, occupying approximately 1000 square meters.
Kristóf Bárány emphasised, “Koton is one of Turkey’s largest fashion brands. We are delighted to support their expansion into Hungary.”
The Adventum Group manages over 700,000 square meters of commercial real estate in Central and Eastern Europe.
Read also:
- VIDEO: Hungary’s first Primark store opens to huge crowd
- Is it worth shopping at the Hungarian Primark?
Featured image: Illustration, depositphotos.com
please make a donation here
Hot news
National economy minister: Hungarian government targets rapid wage convergence
Revolutionary change: BKK to launch flexible bus service to make commuting easier for many in Budapest
Orbán: Brussels wants to topple the Hungarian government
Revealed: These are the best places to live in Hungary in 2024!
Opinion: The Trump-Orbán bromance
Orbán: Hungarians want to make own decision about what kind of government they want